EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
With a potential trilateral trade deal possibly being reached this week after a Canadian trade negotiator joined her Mexican and US counterparts in Washington, we saw the Aussie hold above 0.7300 after testing the 0.7350 resistance level against the USD overnight. The AUD is down against the other majors due to a weaker USD and a subsequent rally in those currencies.
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